DAILY NATIONAL CARLOT MEAT REPORT

USDA, Agricultural Marketing Service Des Moines, Iowa Ph# 515-284-4460

Livestock and Seed Program Fx# 515-284-4231
Livestock and Grain Market News
210 Walnut Street, Room 767 Washington, DC Ph# 202-720-6231
Des Moines, Iowa 50309-2106 Fx# 202-690-3732

Thursday, February 17, 2011 VOLUME 26, NO. 34

ESTIMATED DAILY LIVESTOCK SLAUGHTER UNDER FEDERAL INSPECTION

CATTLE CALVES HOGS SHEEP
Thursday 02/17/2011 (est) 130,000 3,000 370,000 8,000
Week ago (est) 125,000 3,000 421,000 8,000
Year ago (act) 125,000 3,000 423,000 9,000
Week to date (est) 514,000 13,000 1,612,000 32,000
Same Period Last Week (est) 497,000 13,000 1,670,000 32,000
Same Period Last Year (act) 483,000 14,000 1,660,000 34,000
Previous Day Estimated Steer and Heifer Cow and Bull
Wednesday 102,000 27,000

NATIONAL DAILY BOXED BEEF CUTOUT AND BOXED BEEF CUTS - Negotiated Sales - Afternoon
USDA ESTIMATED BOXED BEEF CUT-OUT VALUES - as of 1:30pm, based on FOB Plant negotiated
prices and volume of boxed beef cuts delivered within 0-21 days and on average industry
cutting yields. Values reflect U.S. dollars per 100 pounds.

Boxed beef cutout values lower on fairly good demand and moderate to heavy
offerings. Select and Choice rib, chuck, round and loin cuts steady to weak,
while ground beef lower. Beef trimmings generally steady on light to moderate
demand and offerings.

CHOICE SELECT
600-900 600-900
--------------------------------------------------------------------------------
Current Cutout Values: 167.22 166.67
Change from prior day: (1.23) (1.24)
--------------------------------------------------------------------------------
Choice/Select spread: 0.55
Total Load Count (Cuts, Trimmings, Grinds): 291
--------------------------------------------------------------------------------
COMPOSITE PRIMAL VALUES
Primal Rib 233.54 229.82
Primal Chuck 152.35 151.97
Primal Round 153.44 154.27
Primal Loin 208.74 207.25
Primal Brisket 115.58 114.84
Primal Short Plate 112.21 115.21
Primal Flank 99.15 97.03
--------------------------------------------------------------------------------
LOAD COUNT AND CUTOUT VALUE SUMMARY FOR PRIOR 5 DAYS
CHOICE SELECT
Date Choice Select Trim Grinds Total 600-900 600-900
02/16 158 69 19 29 275 168.45 167.91
02/15 145 43 38 28 253 168.13 168.00
02/14 157 63 19 26 266 167.67 168.22
02/11 190 51 17 26 284 167.66 167.69
02/10 125 40 24 36 226 169.00 168.58
--------------------------------------------------------------------------------
Current 5 Day Simple Average: 168.18 168.08
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CURRENT VOLUME - (one load equals 40,000 pounds)
Choice Cuts 178.60 loads 7,144,004 pounds
Select Cuts 57.50 loads 2,299,957 pounds
Trimmings 18.49 loads 739,662 pounds
Coarse Grinds 35.96 loads 1,438,517 pounds
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Choice Cuts, Fat Limitations 1-6
IMPS/FL Sub-Primal # of Total Price Weighted
Trades Pounds Range Average
--------------------------------------------------------------------------------
109A 1 Rib, roast-ready, heavy
109E 1 Rib, ribeye, lip-on, bn-in 35 76,562 404.00 450.00 425.81
112A 3 Rib, ribeye, bnls, light 28 366,384 474.00 515.40 491.35
112A 3 Rib, ribeye, bnls, heavy 72 307,481 447.00 494.00 465.03
113A 1 Chuck, square-cut, 2 piece
113C 1 Chuck, semi-bnls, neck/off 19 82,951 176.00 195.00 188.54
113C 3 Chuck, semi-bnls, neck/off
3 Chuck, semi-bnls n/o sh-cut
114 1 Chuck, shoulder clod 24 168,233 182.00 197.00 183.70
114A 3 Chuck, shoulder clod, trmd 55 487,141 194.00 207.00 196.71
114D 3 Chuck, clod, top blade 9 7,987 245.00 285.00 266.19
114E 3 Chuck, clod, arm roast 5 8,539 220.50 255.00 224.88
114F 5 Chuck, clod tender 23 44,955 264.00 302.00 276.25
115 1 Chuck, 2-piece, boneless
116A 3 Chuck, roll, lxl, neck/off 46 246,746 222.00 240.00 228.47
116B 1 Chuck, chuck tender 36 116,333 196.00 221.00 204.78
3 Chuck roll, retail ready
120 1 Brisket, deckle-off, bnls 60 628,855 164.61 185.00 166.79
120A 3 Brisket, point/off, bnls 7 7,634 260.00 285.00 261.78
123A 3 Short Plate, short rib 34 78,732 305.00 384.50 342.12
130 4 Chuck, short rib 35 114,184 208.35 265.00 220.94
160 1 Round, bone-in 6 8,736 174.00 198.25 184.36
161 1 Round, boneless 7 6,662 184.00 201.00 188.02
3 Round, bnls/peeled heel-out
167 1 Round, knuckle
167A 4 Round, knuckle, peeled 72 386,744 209.34 234.00 217.91
168 1 Round, top inside round 66 589,401 175.00 188.00 179.06
168 3 Round, top inside round 44 540,347 182.00 198.25 187.66
169 5 Round, top inside, denuded 18 56,932 215.00 231.50 218.00
3 Round, top inside, side off
170 1 Round, bottom gooseneck 18 45,073 183.25 197.00 186.45
171B 3 Round, outside round 50 457,078 194.50 207.00 199.68
171C 3 Round, eye of round 58 170,758 214.50 237.50 219.87
3 Round, flat/eye, heel-out
174 1 Loin, short loin, 2x3
174 3 Loin, short loin, 0x1 54 206,960 372.84 429.50 386.80
175 3 Loin, strip loin, 1x1
180 1 Loin, strip, bnls, heavy 0 0
1 Loin, strip loin bnls. 1x1 15 41,882 369.40 385.00 379.83
180 3 Loin, strip, bnls, 0x1 52 137,137 408.00 446.00 421.40
184 1 Loin, top butt, bnls, heavy 10 12,886 245.00 260.30 250.22
184 3 Loin, top butt, boneless 49 136,447 253.00 278.00 261.33
185A 4 Loin, bottom sirloin, flap 67 232,053 311.00 351.00 321.73
185B 1 Loin, ball-tip, bnls, heavy 28 55,127 214.80 230.00 222.95
185C 1 Loin, sirloin, tri-tip 10 34,240 248.49 265.00 249.84
185D 4 Loin, sirloin, tri-tip, pld 13 26,485 344.00 372.00 349.69
189A 4 Loin, tndrloin, trmd, heavy 76 640,501 705.90 753.00 727.40
191A 4 Loin, butt tender, trimmed 4 1,708 694.50 788.00 731.01
193 4 Flank, flank steak 28 37,483 345.00 409.00 371.80
Thursday, February 17, 2011 Page 2

NATIONAL BOXED BEEF CUTS - NEGOTIATED SALES FOB Plant basis negotiated sales for delivery within 0-21 day period.
Prior day sales after 1:30 PM are included. U.S. dollars per 100 pounds.
--------------------------------------------------------------------------------
Select Cuts, Fat Limitations 1-6
IMPS/FL Sub-Primal # of Total Price Weighted
Trades Pounds Range Average
--------------------------------------------------------------------------------
109A 1 Rib, roast-ready, heavy
109E 1 Rib, ribeye, lip-on, bn-in 10 17,698 405.00 430.00 424.95
112A 3 Rib, ribeye, bnls, light 10 18,923 469.00 513.50 474.90
112A 3 Rib, ribeye, bnls, heavy 41 81,654 447.00 489.50 462.61
113A 1 Chuck, square-cut, 2 piece
113C 1 Chuck, semi-bnls, neck/off 10 83,872 180.00 192.00 183.79
113C 3 Chuck, semi-bnls, neck/off 0 0
3 Chuck, semi-bnls n/o sh-cut
114 1 Chuck, shoulder clod 6 7,557 185.00 187.00 186.13
114A 3 Chuck, shoulder clod, trmd 11 28,913 188.00 203.00 197.56
114D 3 Chuck, clod, top blade
114E 3 Chuck, clod, arm roast 0 0
114F 5 Chuck, clod tender 3 1,598 265.00 270.00 265.38
115 1 Chuck, 2-piece, boneless
116A 3 Chuck, roll, lxl, neck/off 30 122,381 223.00 231.00 227.05
116B 1 Chuck, chuck tender 15 23,850 207.00 216.00 209.68
3 Chuck roll, retail ready
120 1 Brisket, deckle-off, bnls 15 253,998 162.00 175.00 165.74
120A 3 Brisket, point/off, bnls
123A 3 Short Plate, short rib 9 30,993 305.00 350.00 315.42
130 4 Chuck, short rib 9 20,072 208.90 261.00 221.80
160 1 Round, bone-in
161 1 Round, boneless 6 8,410 187.00 217.00 198.91
3 Round, bnls/peeled heel-out 0 0
167 1 Round, knuckle 0 0
167A 4 Round, knuckle, peeled 33 162,781 210.00 228.00 216.33
168 1 Round, top inside round 11 23,228 178.00 187.00 180.46
168 3 Round, top inside round 23 83,026 180.35 194.00 187.59
169 5 Round, top inside, denuded 4 3,285 216.50 230.00 221.67
3 Round, top Inside, side off 0 0
170 1 Round, bottom gooseneck 7 3,930 188.00 198.70 193.07
171B 3 Round, outside round 13 56,714 195.00 219.00 202.71
171C 3 Round, eye of round 18 36,269 207.00 230.40 221.64
3 Round, flat/eye, heel-out 0 0
174 1 Loin, short loin, 2x3
174 3 Loin, short loin, 0x1 25 108,260 385.30 418.25 393.47
175 3 Loin, strip loin, 1x1
180 1 Loin, strip, bnls, heavy
1 Loin, strip loin bnls. 1x1 0 0
180 3 Loin, strip, bnls, 0x1 30 127,090 395.00 430.00 404.94
184 1 Loin, top butt, bnls, heavy 10 71,937 225.00 250.00 226.70
184 3 Loin, top butt, boneless 22 19,901 250.25 262.00 256.10
185A 4 Loin, bottom sirloin, flap 9 35,370 311.00 341.00 326.84
185B 1 Loin, ball-tip, bnls, heavy 12 38,915 210.46 225.00 221.63
185C 1 Loin, sirloin, tri-tip 15 94,870 242.00 265.00 250.95
185D 4 Loin, sirloin, tri-tip, pld 0 0
189A 4 Loin, tndrloin, trmd, heavy 36 280,329 705.00 740.00 709.99
191A 4 Loin, butt tender, trimmed 3 1,329 695.00 748.00 735.23
193 4 Flank, flank steak 9 29,266 345.00 398.50 347.32
--------------------------------------------------------------------------------
CHOICE AND SELECT CUTS, Fat Limitations (FL) 1-6
--------------------------------------------------------------------------------
124 4 Rib, Back Ribs, Fresh 0 0
124 4 Rib, Back Ribs, Frozen 13 25,635 95.00 135.00 113.94
121D 4 Plate, Inside Skirt 27 155,405 272.00 303.75 283.15
121C 4 Plate, Outside Skirt 17 26,753 374.00 404.40 393.20
121E 6 Plate, Outside Skirt, pld 6 6,081 555.00 578.10 563.81
Cap & Wedge Meat 69 295,046 235.00 251.00 240.10
Pectoral Meat 30 47,329 245.00 273.00 262.03
--------------------------------------------------------------------------------
GROUND BEEF - STEER and HEIFER SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Ground Beef 73% 46 410,228 148.00 180.00 157.28
Ground Beef 75% 0 0
Ground Beef 81% 41 289,708 181.00 205.00 192.80
Ground Beef 85%
Ground Beef 90%
Ground Beef 93% 19 35,229 220.00 232.00 221.57
Ground Beef Chuck 35 446,222 163.00 209.00 178.89
Ground Beef Round 22 76,630 185.18 211.00 203.03
Ground Beef Sirloin
--------------------------------------------------------------------------------
BLENDED GROUND BEEF - STEER, HEIFER and COW SOURCE -- 10 Pound Chub Basis
--------------------------------------------------------------------------------
Blended Ground Beef 73%
Blended Ground Beef 75%
Blended Ground Beef 81% 14 101,280 185.00 215.50 200.00
Blended Ground Beef 85%
Blended Ground Beef 90%
Blended Ground Beef 93%
Blended Ground Beef Chuck
Blended Ground Beef Round
Blended Ground Beef Sirloin
--------------------------------------------------------------------------------
BEEF TRIMMINGS - STEER and HEIFER SOURCE
--------------------------------------------------------------------------------
Fresh 50% lean trimmings 18 632,912 72.25 76.60 74.54
Frozen 50% lean trimmings
--------------------------------------------------------------------------------
FAT LIMITATIONS (FL) DESCRIPTION
Maximum Average Fat Thickness Maximum Fat at any point
1. 3/4" (19mm) 1.0"
2. 1/4" (6mm) 1/2"
3. 1/8" (3mm) 1/4"
4. Practically free (75% surface lean exposed) 1/8"
5. Peeled/Denuded 1/8"
6. Peeled/Denuded, surface membrane removed 1/8"
--------------------------------------------------------------------------------
Items that have no entries indicate there were trades but not reportable
because they did not meet the daily 3/70/20 guideline. Please refer to weekly
LM_XB 459 as the item may qualify.
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Thursday, February 17, 2011 Page 3
NATIONAL/REGIONAL DAILY BONELESS PROCESSING BEEF AND BEEF TRIMMINGS USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE
- Negotiated Sales - Afternoon
CHOICE SELECT
FOB Plant basis negotiated sales for delivery within 0-21 day Index 600-900# 600-900#
Values => $155.05 $152.63
period, U.S. dollars per 100 pounds. Change => -0.67 -0.67
-----------------------------------------------------------------------------
Compared to last market test: Lean boneless was mostly firm to 2.00 higher; Current Index Reflects the Equivalent of 229,041 head of cattle.
85% was mostly 1.00 to 3.00 higher; 65% was 2.00 to 3.00 lower; Other lean SUPPLY (Live) 126,397 Hd
percentages were not fully established. Beef trimmings generally steady on Equivalent: $154.88 $150.59
light to moderate demand and offerings. DEMAND (Box) 102,644 Hd*
Equivalent: $155.22 $154.67
CURRENT VOLUME - (one load equals 40,000 pounds) Live-Box Spread: ($0.34) ($4.08)
---------------------------- Input Breakdown -----------------------------
National Daily Direct Cattle : Boxed Beef Cutouts
Central 44.01 Loads -- 1,760,300 pounds (5 day accumulated wghtd avg) : Ch 600-900# $167.22
National 76.71 Loads -- 3,068,523 pounds Weight Price Head : Se 600-900# $166.67
-------------------------------------------------------------------------------- Live Steer: 1351 $106.21 35,055: Current Lds: 290.6
FOB Plant - Central Live Heifer: 1235 $106.14 39,748: Previous Lds: 275.1
# of Total Price Weighted Drsd Steer: 878 $170.02 32,853
Trades Pounds Range Average Drsd Heifer: 790 $169.53 18,741
-------------------------------------------------------------------------------- -----------------------------------------------------------------------------
Chemical Lean Grading % Breakdown : Drop Credit : 12.98
Ch 600-900# : 75.26% : Steer Dressing % : 63.70%
Fresh 92-94% 8 129,400 $205.58 $210.75 $209.38 Ch 600-750# : 26.33% : Heifer Dressing %: 63.63%
Frozen 92-94% Ch 750-900# : 48.93% : Processing Cost : 12.00
Fresh 90% 21 658,214 $199.00 $203.65 $201.21 Se 600-900# : 24.74% : Slaughter Cost : 50.50
Frozen 90% 1 42,000 $200.00 $200.00 $200.00 Se 600-750# : 4.56% :
Fresh 85% 20 685,700 $188.50 $193.00 $190.31 Se 750-900# : 20.18% :
Frozen 85% -----------------------------------------------------------------------------
Fresh 81% 2 22,600 $160.00 $166.00 $162.65 Equivalent Values for Outlying Beef Carcass Types
Frozen 81% Basis Value = 155.05 Carcass Weights
400-500# 500-600# 600-900# 900-1000# 1000#/up
Fresh 75% 1 14,858 $144.00 $144.00 $144.00 Qlty/Yield (1) -28.08 -10.89 0.00 -2.04 -19.58
Frozen 75% -----------------------------------------------------------------------------
Fresh 73% Prime 1-3 12.93 $139.90 $157.09 $167.98 $165.94 $148.40
Frozen 73% Certified 1-3 3.82 $130.79 $147.98 $158.87 $156.83 $139.29
Fresh 65% 6 207,528 $100.70 $107.70 $104.10 Choice 1 3.38 $130.35 $147.54 $158.43 $156.39 $138.85
Frozen 65% Select 1 -0.35 $126.62 $143.81 $154.70 $152.66 $135.12
Bull Product Stndrd 1-3 -16.18 $110.79 $127.98 $138.87 $136.83 $119.29
Fresh 94-96% Prime 4 -0.85 $126.12 $143.31 $154.20 $152.16 $134.62
Choice 4 -12.46 $114.51 $131.70 $142.59 $140.55 $123.01
Frozen 94-96%
-------------------------------------------------------------------------------- NATIONAL 5-DAY ROLLING CUTTER COW CUTOUT AND BOXED COW BEEF CUTS – NEGOTIATED -
FOB Plant - National USDA ESTIMATE CUTTER COW CARCASS CUT-OUT VALUE
# of Total Price Weighted
Trades Pounds Range Average Based on negotiated carlot volume prices of cow cuts delivered within 0-21 days
-------------------------------------------------------------------------------- and on average industry cutting yields. U.S. dollars per 100 pounds.
Chemical Lean
Fresh 92-94% 22 469,400 $205.58 $214.50 $212.98 Cutter 90%
350#/up
Frozen 92-94% ---------------------------------------------------------------------------------
Fresh 90% 33 938,220 $199.00 $204.00 $201.23 Current-Cutout Value: $157.10
Frozen 90% 1 42,000 $200.00 $200.00 $200.00 Change from prior day: $0.78
Fresh 85% 20 685,700 $188.50 $193.00 $190.31 --------------------------------------------------------------------------------
Frozen 85% Item Price Value Change
Fresh 81% 2 22,600 $160.00 $166.00 $162.65 90% lean $201.23 $112.37 $0.66
Frozen 81% 100% lean inside round $260.95 $6.05 $0.01
Fresh 75% 3 46,121 $134.25 $144.00 $137.72 100% lean, flats and eyes $240.29 $5.57
100% lean, S.P.B. $236.54 $11.83 $0.02
Frozen 75% Chuck Tender $218.64 $2.19 $0.01
Fresh 73% Knuckle 4-7 lbs. $220.25 $5.57 $0.02
Frozen 73% Tenderloin 2-3 lbs. $317.94 $1.69 ($0.01)
Fresh 65% 8 231,570 $100.70 $107.70 $103.95 Tenderloin 3-4 lbs. $371.90 $2.75 $0.03
Frozen 65% Ribeye Roll 4-6 lbs. $216.95 $2.28 $0.01
Fresh 50% 18 632,912 $72.25 $76.60 $74.54 Ribeye Roll 6-8 lbs. $237.79 $1.76 $0.05
Frozen 50% Ribeye Roll 8up lbs. $237.28 $1.73 ($0.02)
Bull Product Flank Steak $235.66 $0.99
Kidney, Edible $30.53 $0.14
Fresh 94-96% Fat, inedible $30.48 $0.71
Frozen 94-96% Bone $6.14 $1.47
------------------------------------------------------------------- --------------------------------------------------------------------------------
Regional Breakdown: USDA NATIONAL BOXED COW BEEF CUTS - NEGOTIATED SALES FOB Plant basis
Central - AR,CO,IA,IL,IN,KS,KY,LA,MI,MO,MN,MT,ND,NE,NM,OH,OK,SD,TX negotiated sales for delivery within 0-21 day period.
National - all states
CURRENT VOLUME - (one load equals 40,000 pounds)
IMPORT BEEF TRADE (Australia and New Zealand) WED, Feb 16, 2011 Boner/Breaker Cuts 32.18 loads -- 1,287,369 pounds
Compared to Last Week: Market activity on imported beef was light Cutter/Canner Cuts 2.83 loads -- 113,061 pounds
to moderate and prices were mostly 1.00 to 2.00 higher. Import Boner/Breaker/Cutter/Canner 26.48 loads -- 1,059,354 pounds
supplies remained very light. Import prices rebounded this week 100% Lean Items 37.29 loads -- 1,491,792 pounds
as record high domestic lean prices and extremely light import Frozen Cuts 4.56 loads -- 182,330 pounds
supplies continued to support the market. --------------------------------------------------------------------------------
IMPS Sub-Primal # of Total Weighted Change from
AUSTRALIA AND NEW ZEALAND - FOB AND TIS Trades Pounds Average Prior Day
0-15 Days --------------------------------------------------------------------------------
BULL MEAT: East Coast West Coast BONER/BREAKER
112 Rib, ribeye roll, 6-8 lbs. 14 27,050 $236.15 ($3.02)
95% 210.00- 212.00 209.00- 210.00 112 Rib, ribeye roll, 8-10 lbs. 57 147,813 $251.56 ($0.16)
COW MEAT: 112 Rib, ribeye roll, 10-up lbs. 53 103,229 $256.23 $0.31
95% 208.00 112A Rib, ribeye roll-lip-on, 8-dn lbs. 21 36,778 $260.68 ($0.50)
90% 197.00- 198.00 198.00 112A Rib, ribeye roll-lip-on, 8-up lbs. 14 29,644 $242.50 ($1.07)
CFM Fores 85% Chuck, boneless 85% 8 23,200 $190.55 ($1.84)
Shank 85-90% 120 Chuck, brisket 22 11,764 $180.53 ($0.35)
Chuck 85% 168 Round, top inside, 10-dn lbs.
Beef Trim 85% 168 Round, top inside, 10-up lbs. 39 122,485 $196.73 $3.66
169A Round, top inside c-off, 8-10 lbs. 4 35,120 $240.85 $0.24
Beef Trim 80% 169A Round, top inside c-off, 10-14 lbs. 47 269,937 $239.39 ($7.05)
Beef Trim 75% 169A Round, top inside c-off, 14-up lbs. 14 72,310 $242.18 ($0.03)
Beef Trim 70% 171B Round, outside round 19 117,080 $208.37 ($1.73)
Beef Trim 65% 171C Round, eye of round 29 52,192 $228.31 $1.26
100 % LEAN: Loin, Semi-Bnls Short Loin, 13-dn lbs.
Top Rounds Loin, Semi-Bnls Short Loin, 13-up lbs.
Flats & Eyes 266.00 180 Loin, strip, bnls, 7-9 lbs.
S.P.B. 256.00 180 Loin, strip, bnls, 9-up lbs. 16 66,175 $216.86 $4.02
182 Loin, sirloin butt
184 Loin, top sirloin butt 25 55,571 $196.47 ($0.22)
16-45 Days 185A Loin, bottom sirloin butt flap, bnls. 32 107,966 $229.03 $2.55
BULL MEAT: East Coast West Coast 191A Loin, butt tender, peeled
95% 210.00- 212.00 210.00- 211.00 CUTTER/CANNER
COW MEAT: 112 Rib, ribeye roll, 4-6 lbs.
95% 112 Rib, ribeye roll, 6-8 lbs. 33 43,357 $241.87 ($1.90)
90% 197.00- 198.00 112 Rib, ribeye roll, 8-up lbs. 21 68,615 $236.65 ($3.32)
CFM Fores 85% 100% LEAN
Inside round - Combo 23 211,958 $258.77 $0.33
Shank 85-90% 198.00 Inside round - Boxed 35 55,699 $269.25 $1.88
Chuck 85% Outside round 11 56,064 $245.55 $2.10
Beef Trim 85% Eye of round 13 17,783 $244.11 ($1.31)
Beef Trim 80% Flats and eyes - Combo 28 373,310 $239.32 $0.44
Beef Trim 75% Flats and eyes - Boxed
------------------------------------------------------------------ Striploin 57 199,021 $279.61 $0.60
URUGUAY - FOB AND TIS S.P.B. - Combo 42 577,957 $236.54 $0.38
BULL MEAT: 0-15 Days 16-45 Days S.P.B. - Boxed
BONER/BREAKER & CUTTER/CANNER
95% 116B Chuck, chuck tender 26 120,685 $218.64 $0.36
COW MEAT: 167A Round, knuckle, peeled 68 359,520 $220.25 $0.93
95% 190 Loin, tenderloin, 2-3 lbs. 29 19,398 $317.94 ($2.33)
90% 190 Loin, tenderloin, 3-4 lbs. 30 63,258 $370.48 $5.73
CFM Fores 85% 190 Loin, tenderloin, 4-5 lbs. 118 182,418 $396.37 ($0.12)
Beef Trim 85% 190 Loin, tenderloin, 5-up lbs. 33 65,281 $400.92 $5.53
Beef Trim 80% 193 Flank, flank steak 86 145,139 $242.77 $0.04
Beef Trim 75% Flank, rough 56 103,655 $192.99 $10.60
FROZEN BONER/BREAKER
112 Rib, ribeye roll, 6-8 lbs. 4 21,475 $251.45
WEEKLY CAF WEST COAST COW AND BULL CARCASS REPORT 112 Rib, ribeye roll, 8-10 lbs. 4 13,228 $260.60 $10.76
8.0 Loads Reported 112 Rib, ribeye roll, 10-up lbs. 5 26,984 $267.36
112A Rib, ribeye roll-lip-on, 8-dn lbs.
Compared to last market test: Utility and Cutter carcass market 112A Rib, ribeye roll-lip-on, 8-up lbs.
was 3.00 higher on moderate to good demand and moderate offer- 169A Round, top inside c-off, 8-10 lbs.
ings. 169A Round, top inside c-off, 10-14 lbs.
169A Round, top inside c-off, 14-up lbs.
180 Loin, strip, bnls, 7-9 lbs.
Market for Week Ended: February 11, 2011 180 Loin, strip, bnls, 9-up lbs.
Lds Price Range FROZEN CUTTER/CANNER
UT,brk 2-4 450#/up 112 Rib, ribeye roll, 4-6 lbs. 4 8,110 $215.74
UT,bng 1-3 400#/up 4.0 110.00 112 Rib, ribeye roll, 6-8 lbs. 3 11,250 $222.08 $15.56
Cutter 1-2 350#/up 4.0 110.00 112 Rib, ribeye roll, 8-up lbs. 5 10,362 $241.46 ($1.79)
Bulls YG 1 500#/up FROZEN BONER/BREAKER & CUTTER/CANNER
190 Loin, tenderloin, 2-3 lbs.
190 Loin, tenderloin, 3-4 lbs. 7 22,831 $375.86
190 Loin, tenderloin, 4-5 lbs. 3 9,661 $380.17
190 Loin, tenderloin, 5-up lbs.
193 Flank, flank steak 12 33,240 $204.59 ($3.15)
Thursday, February 17, 2011 Page 4
MAJOR PACKER HIDES, CURED & FLESHED USDA BY-PRODUCT DROP VALUE (STEER) FOB CENTRAL US
Lds Price/Piece Price/CWT The hide and offal value from a typical slaughter steer(1)
HVY NATIVE STR 60-62# for today was estimated at 12.98 per cwt live, up
62-64# 0.07 when compared to Wednesday's value.
64-66# 4.0 83.00
66-68# 6.0 81.00 TODAY'S CALCULATIONS FOR BY-PRODUCT VALUE (STEER)
Lbs Price Change Value
68-70# Prv/Dy
82-84# Steer hide, butt brand/Pc 5.40 82.00 1.00 6.19
NATIVE STEER 46-48# Tallow, edible 1.20 47.75 - 0.57
COL BRAND STR 60-62# Tallow, packer bleachable 4.50 45.75 - 2.06
62-64# Tongues,Swiss #1 0-3%, exp 0.24 246.00 - 0.59
64-66# Cheek meat, trmd 0.32 149.00 - 0.48
66-68# Head meat 0.13 117.00 - 0.15
BUTT BRAND STR 60-62# Oxtail, selected 0.24 225.00 - 0.54
62-64# Hearts, reg, bone out 0.38 74.00 - 0.28
64-66# 4.0 82.00 Lips, unscalded 0.13 138.00 - 0.18
66-68# 6.0 80.00 Livers, slcted, export 0.96 65.00 - 0.62
68-70# Tripe, scalded edible 0.65 51.00 - 0.33
NATIVE HEIFER 46-48# Tripe, honeycomb bleached 0.15 100.00 - 0.15
Lungs, inedible 0.47 3.88 - 0.02
HVY NATIVE HFR 47-49# Melts 0.14 4.13 - 0.01
48-50# Meat bone ml, 50% blk/ton 3.70 325.00 -4.50 0.60
50-52# Blood meal, 85% blk/ton 0.60 695.00 - 0.21
51-53# Totals: 19.21 12.98
BRANDED HFRS 46-48# Dressed equivalent basis (63% dress): 20.60
48-50# (1) Typical slaughter steer weighs 1,325 pounds.
50-52#
BRAND HFR SW 48-50# The average value of hide and offal for the four days ending
50-52# Thu, Feb 17, 2011, was estimated at 12.90 per cwt., up 0.08
BRND COW SW 52-54# from last week and up 3.24 from last year.
54-56#
BRANDED COW 50-52# -----------------------------------------------------------
54-56#
NATIVE COW 48-50# USDA BY-PRODUCT DROP VALUE (CATTLE)
56-58# The hide and offal value from typical fed cattle (steers
DAIRY COW 50-52# and heifers 1,275) for today was estimated at 13.20 per cwt
52-54# 6.0 67.00 live, up 0.01 from Wednesday's value.
DAIRY COW SW 50-52#
52-54# TODAY'S CALCULATIONS FOR BY-PRODUCT VALUE (CATTLE)
NATV BULL Con 96-106# Lbs Price Change Value
100-10# unq Prv/Dy
BRND BULL SWCon 95-105# Cattle hide/Pc 5.40 81.75 0.25 6.41
100-10# Tallow, edible 1.20 47.75 - 0.57
----------------------------- Tallow, packer bleachable 4.50 45.75 - 2.06
PER PIECE ONLY Tongues, Swiss #1 0-3%, ex 0.24 246.00 - 0.59
HVY TEX STEER 60#Min Cheek meat, trmd 0.32 149.00 - 0.48
62-64# 82.50 A Head meat 0.13 117.00 - 0.15
Oxtail, selected 0.24 225.00 - 0.54
64-66# 82.50 D Hearts, reg, bone out 0.38 74.00 - 0.28
72-74# Lips, unscalded 0.13 138.00 - 0.18
74-76# Livers, slcted, gall off,e 0.96 65.00 - 0.62
76-78# Tripe, scalded edible 0.65 51.00 - 0.33
HVY TEX STR/HFR 48-50# Tripe, honeycomb bleached 0.15 100.00 - 0.15
54#Min Lungs, inedible 0.47 3.88 - 0.02
BRANDED STEER 62-64# Melts 0.14 4.13 - 0.01
64-66# 81.50 A Meat bone ml, 50% blk/ton 3.70 325.00 -4.50 0.60
78-82# Blood meal, 85% blk/ton 0.60 695.00 - 0.21
(Prices per piece reflect a cured & fleshed basis, prices per Totals: 19.21 13.20
Dressed equivalent basis (62.9% dress): 20.99
hundredweight reflect a conventional basis) (1) Typical slaughter cattle weighs 1,275 pounds

USDA BY-PRODUCT PRICE REPORT - FOB CENTRAL U.S. BASIS WEEKLY USDA BY-PRODUCT DROP VALUE (COW)
Carlot Basis - Dollars/hundredweight - as of 3:00 PM. The hide and offal value from a typical slaughter cow(1) for the
BEEF VARIETY MEATS - FROZEN ------------------------------------ week ended 2/11/2011, was estimated at 11.34 per cwt live, up
Items Lds Price Range Wtd Avg 0.04 from last week.
CHEEK MEAT,trmd, 70-75% lean
export 149.00 149.00 E CALCULATIONS FOR BY-PRODUCT VALUE (COW)
FEET, nails off, skin on Lbs Price Change Value
HEAD MEAT, 60-70% lean 117.00 117.00 B Prv/Wk
export Cow hide, branded (2)/Piece 4.83 48.50 - 4.41
HEARTS, regular, bone out 1.0 74.00 74.00 Tallow, renderer blchable 3.68 45.50 -0.25 1.67
regular,bone-out exp unq Tongues, Swiss cut, IW 0.32 224.00 -2.50 0.72
KIDNEYS, export unq Cheek meat, trmd 0.43 144.00 -0.50 0.62
LIPS, unscalded 138.00 138.00 A Head meat 0.14 140.25 3.75 0.20
LIVERS, selected, 2/box Oxtail, reg, small box 0.20 253.75 -1.00 0.51
selected, 2/box, export Hearts, reg, bone out 0.46 70.75 1.00 0.33
regular, 2/box Lips, unscalded 0.13 63.50 0.75 0.08
regular, export, 2/box Livers, reg, gall off (3) 0.90 38.75 2.75 0.35
OXTAILS, selected, small box Tripe, scalded edible, blchd 1.06 40.75 -4.25 0.43
SWEETBREADS, domestic Tripe, honeycomb bleached 0.14 72.25 -1.50 0.10
export Lungs, inedible 0.86 3.88 - 0.03
TONGUES,Individually Wrapped Melts 0.15 4.13 - 0.01
Swiss-Cut#1,Wht,0-3% trm,Exp Meat bone ml, 50% blk/ton 10.71 307.00 11.00 1.64
Swiss-Cut#1,Blk,0-3% trm,Exp Blood meal, 85% blk/ton 0.73 655.00 -3.50 0.24
Swiss-Cut #2 Totals: 24.74 11.34
TRIPAS, domestic Dressed equivalent basis (47% dress): 24.13
export (1) Typical slaughter cow weighs 1,100 pounds.
TRIPE, scalded, edible (2) Hide weight adjusted regularly for seasonal variation.
scalded, edible, export (3) Reflects a 30% condemnation rate.
scalded, unbleached, export REPORT BASIS - FOB Omaha or equivalent for the Midwest;
honeycomb, bleached unq FOB Plant for Texas and Oklahoma
WEASAND MEAT,
-------------- BEEF PET FOODS - FOB SUPPLY POINT ------------------ WEEKLY CENTRAL U.S. COW VARIETY MEAT PRICE REPORT - FOB PLANT
QUARTERLY CONTRACTS: FRESH BOXED FROZEN For Week Ended 2/11/2011 Dollars/hundredweight
GULLETS-TRACHEA 12.50-16.00 Frozen CARLOT/L.C.L. Basis Lds Price Range Wtavg
KIDNEYS, inedible 11.00-15.00 --------------------------------------------------------------------------
LIVERS, " 7.00-10.00 12.50-14.00 CHEEK MEAT, Trimmed 13.8 141.00 - 147.00 143.91
LUNGS, " 3.50-4.25 8.00-9.50 FEET, unbleached, skin-on, exp
MELTS, " 3.25-5.00 10.00-10.00 FEET, bleached, skin-on, exp
SALIVARY GLANDS 7.00-20.00 22.00-24.00 HEARTS, Regular, bone-out 3.8 70.00 - 75.00 70.87
HEARTS, Regular, bone-out, exp
HEARTS, Canadian-style, exp
HEAD MEAT, 3.3 136.00 - 150.00 140.29
KIDNEY'S Export
LIPS, unscalded 4.4 61.50 - 68.00 63.62
LIVERS, Regular,bulk-pack
LIVERS, Regular,bulk-pack export
LIVERS, Regular, 2/box 5.0 40.00 40.00
LIVERS, Regular, 2/box, export 28.9 31.00 - 42.00 38.39
MELTS,
OXTAILS, Regular, small box 2.2 248.00 - 265.00 253.73
SALIVARY GLANDS 0.5 26.00 26.00
SWEETBREADS, export
TONGUES, #1 white Swiss cut,IW 0.9 224.00 - 245.00 232.12
TONGUES, exp.#1 white Swiss cut,IW
TONGUES, #1 black Swiss cut,IW 1.7 218.00 - 223.00 220.46
TONGUES, exp.#1 black Swiss cut,IW
TONGUES, #1 mixed,Swiss cut,IW
TONGUES, exp.#1 mixed,Swiss cut,IW
TONGUES, #2 mixed Swiss cut,IW 0.5 222.00 222.00
TONGUES, exp.#2 mixed,Swiss cut,IW
TONGUE Trimmings 1.0 29.50 29.50
TRIPAS 1.0 59.00 59.00
TRIPE, bleached, scalded, edible 8.0 40.00 - 41.00 40.63
TRIPE, blchd, scld/w honeycomb
TRIPE, bleached,scalded,edible exp
TRIPE, unbleached, scalded, edible 1.0 89.50 89.50
TRIPE, honeycomb bleached 2.3 65.00 - 92.00 72.26
TRIPE, honeycomb unbleached 0.3 187.00 187.00
TRIPE, omasum unbleached
WEASAND MEAT
Thursday, February 17, 2011 Page 5
USDA NATIONAL CARLOT PORK REPORT as of 3:00 P.M. Negotiated TRIMMINGS/BONELESS PROCESSING PORK (CHEMICAL LEAN) FOB BASIS
Purchases Equated to FOB Omaha Basis unless otherwise stated. ------------------------------Lds-- --Price Range---------------Wghtd Avg
Compared to Wednesday's Close: Fresh loins steady to 1.00 higher; butts Combo 42% Fresh
steady to weak; sknd hams 20-23 lbs 1.00 higher, 23-27 lbs 2.00 higher; Boxed 42% Frozen
sdls bellies and lean trimmings not established. Trading slow to Combo 72% Fresh
moderate, with light to moderate demand and offerings. Boxed 72% Frozen
----------------------------------------------------------------- BONELESS PICNIC MEAT
Loads PORK CUTS : 74.5 Combo Fresh
Loads TRIM/PROCESS PORK : Boxed Frozen
----------------------------------------------------------------- SKINNED JOWLS
USDA ESTIMATED PORK CARCASS CUTOUT Combo Fresh
Based on FOB Omaha carlot pork prices and industry yields. Boxed Frozen
Calculations for a 200 lb Pork Carcass. Values reflect U.S. Dollars per TRIM, VISUAL TRACE OF LEAN
100 pounds. Combo 12-16% Fresh
53-54% lean, 0.65"-0.80" backfat at last rib Boxed 12-16% Frozen
----------------------------------------------------------------------- -------------------------------------------------------------
Today's Primal Cutout Values Specifications for all reported cuts available upon request
Date Loads Carcass Loin Butt Pic Rib Ham Belly -------------------------------------------------------------
----------------------------------------------------------------------- STANDARD ADJUSTMENTS FOR CONVERTING TO VACUUM BASIS
02/17 74.50 89.75 97.11 108.00 73.69 135.89 73.29 118.10 Loins (13-23#'s): Butts (4-9#'s):
Change : 0.70 1.45 -0.46 1.55 -0.39 0.90 unc Vacpak : report basis Vacpak : report basis
----------------------------------------------------------------------- Gas Pak : minus $2.00 Gas Pak : no price differential
02/16 44.0 89.05 95.66 108.46 72.15 136.28 72.39 118.10
02/15 86.6 89.39 95.96 106.67 78.07 140.30 70.84 118.13 Paper : minus $5.00 Paper : minus $3.00
02/14 37.0 88.99 95.74 103.83 78.15 139.67 70.68 118.13 Combo : minus $6.00 Combo : minus $4.00
02/11 86.8 88.31 93.96 105.49 75.00 138.95 70.61 118.13 Spareribs: Adjustments for Trim -
Current Five Day Simple Average - Vacpak : report basis Bone-in Center Cut Loins:
89.10 95.69 106.49 75.41 138.22 71.56 118.12 Polywrap: minus $7.00 False Lean Off : basis
----------------------------------------------------------------------- Tenderloins: False Lean On : minus $5.00
NOTE: Value may change without adequate test. A detailed Vacpak : report basis Boneless Center Cut Loins:
description of the cutout is available upon request. Polywrap: minus $10.00 1/4" Trim : report basis
FRESH PORK CUTS 1/8" Trim : add $6.00
LOINS, BONE-IN --------------------------------------------------------- USDA BY-PRODUCT PRICE REPORT - FOB CENTRAL U.S. BASIS
Primal Cutout Value = 97.11 Carlot Basis - Dollars/hundredweight - as of 3:00 PM.
------------------------------Lds-- --Price Range---------------Wghtd Avg PORK VARIETY MEATS - FROZEN ------------------------------------
1/4" Trim 21#DN-LGT 1.5 125.00 125.00 Items Lds Price Range Wtg Avg
1/8" Trm/less 21#DN-LGT 5.0 129.00 - 131.00 130.00 NECK Bones domestic
1/4" Bladeless export
1/4" Trim 21#/UP-MED Brisket Bones Full, 30#
Combos 26/Up#(SOW) Brisket Bones Full, exp 30#
LOINS,CNTRCUT,10-11 RIB,1/4"TRM TAILS, 0.5 88.00 88.00
Tender-in FLO 8-13# 3.0 158.00 - 161.00 158.83 CHEEK MEAT trimmed 120.00 - 121.00 120.33 E
Tender-out FLO 8-13# CHITTERLINGS, 10 lb. pail
BNLS Strap-on 5-11# EARS, Pet Treat, 3-4/lb
BNLS Strap-off 5-11# 12.0 169.00 - 180.00 176.13 EARS, edible, export
WHLE BNLS LOINS 9-13# FEET, front, toes on 0.5 62.00 62.00
BNLS SIRLOIN .75-1.5# 9.0 121.00 - 130.00 126.39 front, toes on, export 7.5 65.00 65.00
BONE-IN SIR 2.5-3.5# 1.5 97.00 - 103.00 101.00 hind, domestic
BLADE ENDS 2-4# hind, export
TENDERLOIN 1.25/DN# 2.0 255.00 - 260.00 257.50 HEARTS, slashed, domestic 40.00 40.00 C
LOIN BACKRIB (BOXED) single slashed, export
FRESH 1.5/DN# multi slashed, export 41.00 41.00 B
" 1.75/DN# whole, export
" 1.75-2.00# HOCKS, picnic
" 2.00/UP# 4.5 248.00 - 255.00 250.78 KIDNEYS, small box, export 33.00 33.00 B
PICNIC ----------------------------------------------------------------- LIVERS, large box, domestic
Primal Cutout Value = 73.69 SALIVARY GLANDS, 32.00 32.00 E
------------------------------Lds-- --Price Range---------------Wghtd Avg SNOUTS, partial lean
Smkr Trm, RS, combo 2.0 76.00 76.00 partial lean w/mask 52.00 52.00 A
Smkr Trm, SS, combo STOMACHS, scalded, small box 101.00 101.00 D
Smkr Trm, SS, boxed 1.0 104.00 104.00 scalded, small box, export
PICNIC CUSHION MEAT TONGUES,
Boxed 92% Fresh 0.5 133.00 133.00 green, bnls, small box
Boxed 92% Frozen green, bnls, tip-on exp 4.5 125.00 125.00
BOSTON BUTT ------------------------------------------------------------ scalded & scraped unq
Primal Cutout Value = 108.00 UTERI 101.00 101.00 D
------------------------------Lds-- --Price Range---------------Wghtd Avg --------- PORK SKINS FRESH IN COMBO - FOB SUPPLY POINT ------------
1/4" TRM 5-10# 3.5 122.00 - 130.00 125.43 QUARTERLY CONTRACTS: DOMESTIC EXPORT
1/8" TRM 5-10# BELLY SKINS, SELECTED 20.00-28.00 26.00-28.00
1/4" Trim Stk Rdy FATBACK SKINS, SELECTED 20.00-30.00 26.50-27.00
1/8" Trim Stk Rdy 10.5 142.00 - 145.00 143.29 BUTT PLATE SKINS, SELECTED Thin 19.00-25Thick, not25.50-30.00
BNLS, Butt HAM SKINS, HOUSE RUN 16.50-23.50 22.00-27.00
Combo's 11/UP#(SOW) PICNIC SKINS, HOUSE RUN 13.50-19.00
SPARERIB --------------------------------------------------------------- JOWL SKINS, HOUSE RUN 13.50-20.00
Primal Cutout Value = 135.89 -------------- PORK PET FOODS - FOB SUPPLY POINT ------------------
------------------------------Lds-- --Price Range---------------Wghtd Avg QUARTERLY CONTRACTS: FRESH BOXED FROZEN
3BAG/3 PCVAC4.25#/DN-LGT 6.0 144.00 - 155.00 150.17 KIDNEYS, inedible 7.00-12.00
COMBOS 4.25#/DN-LGT LIVERS, " 11.00-13.50 13.00-19.50
2 BAG/3 PCVAC4.25#/UP-MED 4.5 140.00 - 146.00 143.00 LUNGS, 2.00-5.00 11.00-11.00
COMBOS 4.25#/UP-MED MELTS, " 5.00-5.25
FRESH PORK CUTS-ADDED INGREDIENTS -------------------------------------
-------------------------------Lds-----Price Range----- ------Wghtd Avg.
BONE-IN LOINS 1/8" TRIM USDA TALLOW AND PROTEIN REPORT - FOB CENTRAL U.S.
BONE-IN LOINS CC TENDER IN (unless otherwise stated) as of 3:00 PM.
BNLS LOINS STRAP-ON TALLOW, GREASE, AND LARD Lds Price Range Wtd Avg
BNLS LOINS STRAP-OFF INEDBL, TALW/GRSE FOB CENTRAL
BNLS SIRLOIN .75-1.5# Choice white grse (truck) 14.0 43.50 - 44.50 43.91
BONE-IN SIR 2.5-3.5# Yellow grease (truck) 1.0 41.00 41.00
TENDERLOIN 1.25/DN# EDBLE LARD, FOB PLANT (truck)
LOIN BACKRIB FRESH 2.00/UP# Loose lard, PS and/or CP 11.0 45.50 - 45.75 45.61
SMKR TRM SS PICNIC BOXED INEDBL, TALW/GRSE CAF CHICAGO
1/4" TRIM BUTT Packer bleachable <.15% 47.50 47.50 C
1/4" TRIM STK RDY BUTT Renderer bleachable <.15% 6.0 47.50 47.50
1/8" TRIM STK RDY BUTT Choice white grease 2.0 47.00 47.00
SPARERIB 4.25#/DN-LGT INEDBL TALLOW/GRSE, CAF GULF
SPARERIB 4.25#/UP-MED Packer bleachable tallow
SKINNED HAM ------------------------------------------------------------ Renderer bleachable tallow
Primal Cutout Value = 73.29 Choice white grease
------------------------------Lds-- --Price Range---------------Wghtd Avg Yellow Grease
BONE-IN TRIMMED EDBLE TALW & LARD-CAF CHICAGO
17-20# TRIM SPEC 1 Edible tallow unq
20-23# TRIM SPEC 1 2.0 79.00 79.00 Loose lard, PS and/or CP 48.00 48.00 D
23-27# TRIM SPEC 1 2.0 80.00 80.00 EDBLE TALLOW, CAF GULF
BONE-IN 27#/up Trim Spec 1 Edible tallow 50.00 50.00 B
NORTH AMERICAN EXPORTS -----------------------------
HAMS, BONE-IN 23-27# TS 1 PROTEIN FEED SUPPLEMENTS
BNLS 3 MUSCLE HAMS 94-96% MEAT & BONEMEAL, 50% pro/ton
BNLS 4 MUSCLE HAMS 94-96% 3.0 134.00 134.00 Ruminant Central, Domestic 31.0 319.00 - 325.00 323.65
BNLS 5 MUSCLE HAMS 94-96% Ruminant Panhandle,Domestic 32.0 315.00 - 335.00 322.81
INSIDE PORK Meat/Bnmeal,50% pro/ton 3.0 325.00 - 345.00 338.33
OUTSIDE DRT (lo)/unit pro 14.0 5.55 5.55
KNUCKLE DRT (lo)/unit pro, pnhdl 12.0 5.71 5.71
LITE BUTT DRT (hi)/unit pro
INNER SHANK BLOOD MEAL, 85% pro/ton
HAM TRIMMINGS (CHEM LEAN) Central 675.00 - 700.00 695.00 A
Combo 72% Fresh Panhandle 700.00 700.00 A
Boxed 72% Frozen CAF California
Combo 90% Fresh PORK BLOOD MEAL, 85% pro/ton 1.0 745.00 745.00
Boxed 90% Frozen
Outer Shank Frozen
BELLY, SEEDLESS --------------------------------------------------------
Primal Cutout Value = 118.10
------------------------------Lds-- --Price Range---------------Wghtd Avg
SKIN-ON, TRIMMED 10-12#
SKIN-ON, TRIMMED 12-14#
SKIN-ON, TRIMMED 14-16#
SKIN-ON, TRIMMED 16-18#
SKIN-ON, TRIMMED 18-20#
SKIN-ON, TRIMMED 20-25# 1.0 80.00 80.00
SKINLESS, 9-13#
SKINLESS, 13-17#
Thursday, February 17, 2011 Page 6
IOWA/MINNESOTA DAILY DIRECT HOGS – Afternoon NATIONAL DAILY DIRECT HOG PRIOR DAY REPORT - SLAUGHTERED SWINE
Thursday, February 17, 2011 (as of 1:30 PM)
Slaughter Data for Wednesday, February 16, 2011
NEGOTIATED PURCHASES (Including Packer-sold) Barrows and Gilts (Live and Carcass Basis): 379,366
Barrows & Gilts (carcass basis): 1,804 NEGOTIATED OTHER SWINE OTHER TOTALS/
Compared to Prior Day's closing weighted average (LM_HG204), 1.02 lower MARKET OR PORK PURCHASE WTD AVG
FORMULA MARKET ARRGMENT
Base Price Range $73.50 - $79.25, Weighted Average $77.04 Producer Sold: FORMULA
HEAD COUNT 12,965 28,271 155,713 57,513 254,462
Base Price is the price from which no discounts are CARCASS BASE PRICE 81.49 73.51 81.76 80.35 80.49
subtracted and no premiums are added. AVERAGE NET PRICE 84.28 76.52 84.03 82.23 82.78
-------------------------------------------------------------------------------- AVERAGE LIVE WT 264.39 278.46 276.49 269.31 274.54
AVERAGE CARCASS WT 201.44 208.67 208.48 205.93 207.58
IOWA/MINNESOTA DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX AVERAGE SORT LOSS -1.54 -1.39 -1.42 -1.03 -1.33
185 lb Carcass Basis (Defined by Muscle and Fat) AVERAGE BACKFAT 0.73 0.73 0.73 0.72 0.73
LOIN AREA/DEPTH (INCHES) AVERAGE LOIN DEPTH (LD) 2.35 2.54 2.56 2.34 2.49
BACK-FAT 4.0/1.4 5.0/1.7 6.0/2.0 7.0/2.3 8.0/2.7 LOINEYE AREA (LD Converted) 7.04 7.65 7.68 7.04 7.49
0.4 76.00 81.63 76.50 81.75 77.50 81.75 78.19 83.25 78.19 83.25 AVERAGE LEAN PERCENT 53.35 55.12 54.88 54.48 54.73
0.5 73.50 81.63 76.00 81.63 77.50 81.63 78.00 81.75 78.19 81.75 (Packer Buying Programs)
0.6 73.50 85.59 76.00 85.59 76.50 85.59 77.50 85.59 78.25 85.59 --------------------------------------------------------------------------------
0.7 73.50 85.59 73.50 85.59 76.00 85.59 77.50 85.59 78.00 85.59 Packer Sold: TOTALS/WTD AVG
All Purchase Types
0.8 71.50 85.59 73.50 85.59 76.00 85.59 76.50 85.59 78.00 85.59 HEAD COUNT 18,209
0.9 71.50 81.63 73.50 81.63 73.50 81.63 76.00 81.63 77.00 81.63 --------------------------------------------------------------------------------
1.0 70.50 81.63 71.50 81.63 73.50 81.63 76.00 81.63 76.50 81.63 Packer Owned: TOTALS/WTD AVG
1.1 69.19 76.87 71.50 76.87 73.50 76.87 73.50 77.03 76.00 78.00 HEAD COUNT 106,695
1.2 69.19 76.87 69.19 76.87 69.19 76.87 72.00 76.87 74.00 77.50 --------------------------------------------------------------------------------
1.4 60.69 67.50 60.69 71.00 60.69 72.00 60.69 73.00 65.16 75.00 MEASUREMENTS BASED ON SLAUGHTER DATA REPORTED:
Prior Slaughter Day's Average Market Hog based on reported slaughter data:
207.77 lbs carcass; BF 0.73; LD 2.46; LEA 7.40; FFLI 52.00%
WESTERN CORNBELT DAILY DIRECT HOGS – Afternoon
Thursday, February 17, 2011 (as of 1:30 PM) CARCASS-BASED PURCHASES:
Wtd Avg Base $80.56
NEGOTIATED PURCHASES (Including Packer-sold) Wtd Avg Net Price $82.92
Barrows & Gilts (carcass basis): 2,410 Please refer to www.ams.usda.gov/mnreports/lm_hg201.txt
Compared to Prior Day's closing weighted average (LM_HG208), 1.25 lower for further report details.

Base Price Range $73.50 - $79.25, Weighted Average $77.15

Base Price is the price from which no discounts are
subtracted and no premiums are added.
--------------------------------------------------------------------------------
WESTERN CORNBELT DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX NATIONAL DAILY BASE LEAN HOG CARCASS SLAUGHTER COST FOR WED, Feb 16, 2011
185 lb Carcass Basis (Defined by Muscle and Fat)
LOIN AREA/DEPTH (INCHES) This report includes Volume, Weighted Average Carcass Weight & Base Cost
BACK-FAT 4.0/1.4 5.0/1.7 6.0/2.0 7.0/2.3 8.0/2.7 Avg Base Cost (Packer Buying Programs)
Head Carcass Backfat (Inches): 1.00-1.09 0.80-0.99 0.65-0.79
0.4 76.00 81.90 76.50 82.68 77.50 84.24 78.19 85.80 78.19 85.80 Date Count Weight Percent Lean: 49-50% 51-52% 53-54%
0.5 73.50 81.63 76.00 81.90 77.50 83.46 78.00 85.02 78.19 86.58 02/16/11 150,588 208.09 81.87 83.78 85.63
0.6 73.50 85.59 76.00 85.59 76.50 85.59 77.50 85.59 78.25 85.80 02/15/11 162,389 208.39 82.53 84.47 86.34
0.7 73.50 85.59 73.50 85.59 76.00 85.59 77.50 85.59 78.00 85.59 02/14/11 160,057 208.36 83.08 85.03 86.93
0.8 71.50 85.59 73.50 85.59 76.00 85.59 76.50 85.59 78.00 85.59 02/11/11 188,711 209.28 83.40 85.34 87.22
0.9 71.50 81.63 73.50 81.63 73.50 81.63 76.00 81.90 77.00 83.46 02/10/11 154,471 209.14 83.35 85.28 87.15
1.0 70.50 81.63 71.50 81.63 73.50 81.63 76.00 81.63 76.50 82.68 02/09/11 148,333 208.55 82.53 84.43 86.27
1.1 69.19 76.87 71.50 76.87 73.50 78.00 73.50 80.34 76.00 81.90 WEEKLY NATIONAL DAILY BASE LEAN HOG CARCASS SLAUGHTER COST
1.2 69.19 76.87 69.19 76.87 69.19 77.22 72.00 79.56 74.00 81.12 For Week Ended:
1.4 60.69 73.32 60.69 74.10 60.69 75.66 60.69 77.22 65.16 79.56
02/11/11 804,601 208.86 82.47 84.38 86.23
NATIONAL DAILY DIRECT HOGS – Afternoon 01/21/11 805,136 209.21 73.79 75.65 77.62
Thursday, February 17, 2011 (as of 1:30 PM) 02/19/10 788,647 203.28 64.40 66.18 68.04

NEGOTIATED PURCHASES (Including Packer-sold) MONTHLY NATIONAL DAILY BASE LEAN HOG CARCASS SLAUGHTER COST
Barrows & Gilts (carcass basis): 9,047 For: January 2011

Compared to the prior day, on a plant by plant basis, weighted average base 3,368,159 209.41 73.23 75.08 77.04
prices were 1.37 lower to .35 higher, mostly .25 to 1.25 lower. Slow market The values in the base cost lean calculations are determined by individual
activity and light demand. packer's lean value buying programs, which are based on the backfat and 6 to 7
square inch loineye area both measured at the 10th rib. The calculations include
Compared to Prior Day's closing weighted average (LM_HG200), 0.51 lower Producer and Packer Sold negotiated and swine or pork market formula data from
the National Prior Day Slaughtered Swine Report, LM_HG201.txt.
Base Price Range $73.50 - $80.00, Weighted Average $78.45
Base Price is the price from which no discounts are
subtracted and no premiums are added.
--------------------------------------------------------------------------------
NATIONAL DAILY DIRECT NEGOTIATED HOG PURCHASE MATRIX
185 lb Carcass Basis (Defined by Muscle and Fat)
LOIN AREA/DEPTH (INCHES) NATIONAL DAILY DIRECT HOG PRIOR DAY REPORT - AVERAGE NET PRICE DISTRIBUTION
BACK-FAT 4.0/1.4 5.0/1.7 6.0/2.0 7.0/2.3 8.0/2.7 Based on Slaughter Data for WED, Feb 16, 2011
0.4 76.00 86.59 76.50 87.61 77.50 89.72 78.19 91.29 78.19 92.85
0.5 73.50 85.18 76.00 86.20 77.50 88.31 78.00 89.88 78.19 91.44 Negotiated Other Swine Other Packer
0.6 73.50 85.59 76.00 85.59 76.50 86.90 77.50 88.47 78.25 90.03 Market Or Pork Purchase Sold
0.7 73.50 85.59 73.50 85.59 76.00 85.59 77.50 87.06 78.00 88.62 Formula Market Arrange (All
0.8 71.50 85.59 73.50 85.59 76.00 85.59 76.50 85.65 78.00 87.22 Formula Purchase)
0.9 71.50 81.63 73.50 81.63 73.50 82.67 76.00 84.24 77.00 85.81 --------------------------------------------------------------------------------
1.0 70.50 81.63 71.50 81.63 73.50 81.63 76.00 83.20 76.50 84.80 -20.00 0 0 0 154 0
1.1 69.19 77.60 71.50 78.40 73.50 80.00 73.50 82.40 76.00 84.00 -18.00 0 0 0 811 0
-16.00 0 0 0 644 0
1.2 69.19 76.87 69.19 77.60 69.19 79.20 72.00 81.60 74.00 83.20 -14.00 0 610 250 175 0
1.4 60.69 75.20 60.69 76.00 60.69 77.60 60.69 79.20 65.16 81.60 -12.00 0 572 251 515 0
-------------------------------------------------------------------------------- -10.00 62 1,948 2,147 603 0
BARROWS & GILTS PURCHASE BY STATE OF ORIGIN -8.00 438 1,462 2,372 3,073 0
Canada 400 Colorado 78 -6.00 1,447 2,106 9,232 8,568 1,474
Iowa 51,638 Illinois 17,043 -4.00 1,642 6,662 27,154 1,999 2,555
Indiana 17,300 Kansas 701 -2.00 2,580 4,308 25,716 3,318 4,544
Kentucky 1,017 Michigan 6,861 --------------------------------------------------------------------------------
Minnesota 20,203 Missouri 2,161 Weighted
North Carolina 1,078 North Dakota 60 Average $84.28 $76.52 $84.03 $82.23 $84.80
Nebraska 8,873 New York 175 Net Price
Ohio 10,874 Pennsylvania 2,000 --------------------------------------------------------------------------------
South Dakota 4,204 Tennessee 1,112 2.00 2,042 3,908 38,589 16,554 6,086
Wisconsin 374 Wyoming 190 4.00 1,968 1,729 37,514 10,026 2,744
6.00 1,876 357 8,395 5,353 360
NATIONAL DAILY DIRECT PRIOR DAY SOW & BOAR REPORT 8.00 0 413 245 4,159 180
PLANT DELIVERED PURCHASE DATA FOR WED, Feb 16, 2011 10.00 0 0 0 928 0
12.00 0 0 0 0 0
CURRENT VOLUME BY PURCHASE TYPE 14.00 0 843 0 0 0
SOWS & BOARS LIVE AND CARCASS BASIS 16.00 0 1,572 0 25 0
18.00 0 1,446 0 0 0
20.00 0 174 0 0 0
Actual Actual Actual --------------------------------------------------------------------------------
Prior Day Week Ago Year Ago NOTE: This report is derived from the National Prior Day Slaughtered Swine
Producer Sold Report (LM_HG201). The data represents the head count distribution of average
Negotiated 6,863 6,117 6,567 net prices in increments of $2 from the weighted average net price of each
Swine or Pork Market Formula 1,622 1,579 1,704 purchase type, which is equal to 0.00.
Packer Sold (all purchase types) 965 1,136 1,068
--------------------------------------------------------------------------------
SOWS
NEGOTIATED PURCHASE (Including Packer Sold)
Sows Purchased (Live and Carcass Basis): 6,518
(Live Basis) Weight Range Head Count Avg Wgt Price Range Wtd Avg
300-399 1,081 369 37.90-58.94 53.17
400-449 868 429 37.90-59.50 51.62
450-499 1,561 473 42.00-60.94 55.36
500-549 1,717 523 42.00-62.50 57.34
550/up 889 585 54.00-62.94 58.52
--------------------------------------------------------------------------------
BOARS (Live and Carcass Basis): 755
Price not reported due to confidentiality
--------------------------------------------------------------------------------
SOWS & BOARS PURCHASES BY STATE OF ORIGIN
Arkansas 197 Canada 1,101
Georgia 125 Illinois 796
Indiana 529 Iowa 2,060
Kansas 4 Kentucky 86
Michigan 382 Minnesota 783
Mississippi 63 Missouri 1,018
Nebraska 609 North Carolina 516
Ohio 83 Oklahoma 957
Pennsylvania 283 South Carolina 257
South Dakota 270 Wisconsin 66
Thursday, February 17, 2011 Page 7
USDA CARLOT VEAL CARCASS REPORT – THU, Feb 17, 2011 NATIONAL DAILY LAMB CARCASS REPORT
Northeast and North Central Basis
Negotiated sales delivery within 14 calendar days, FOB Plant basis.
Compared to last week: Special fed veal carcass market were steady DAILY CHOICE AND PRIME, YG 1-4 Head 1,113
to firm on light to moderate demand and moderate offerings. Harvest Weight Head Wt Avg
numbers were 1% higher compared to last week. Dressed weights were 45-DN 33 419.82
up 1.7 pounds in the Northeast, up 0.1 pounds in the North Central, 45-55# 51 356.82
with the composite up 0.9 pounds compared to last week. 55-65# 151 346.17
65-75# 245 309.49
Represents calves harvested Monday through Wednesday of this week. 75-85# 348 303.00
VEAL CARCASS, SPECIAL FED, HOT BASIS-PAID TO PRODUCER - FOB BASIS 85-UP 285 298.35
Includes previously committed contract and open market calves.
USDA ESTIMATED NATIONAL LAMB CARCASS CUTOUT
NON-PACKER OWNED Head Range Wtd. Ave.
Hide-Off, 255-315 Lbs. Hot Basis 3512 261.00 - 285.00 271.88 (Based on 5-Day Rolling weighted average FOB plant prices collected
**PACKER OWNED** under Mandatory Price Reporting and industry yields.)
Hide-Off, 255-315 Lbs. Hot Basis 1329 280.00 - 295.00 280.67 CUTS FOB PRICE CHANGE % CARCASS LBS.
COMPOSITE FORESADDLE
Hide-Off, 255-315 Lbs. Hot Basis 4841 261.00 - 295.00 274.29 204 RACK, 8-RIB MEDIUM 787.76 0.57 10.77% 7.76
------------------------------------------------------------------ 209 BREAST ** 115.23 1.86 8.85% 6.37
*CONTRACT INFORMATION: Hot Basis, Hide-Off* 207 SHOULDERS, SQ-CUT 284.66 0.04 23.53% 16.94
Current future contracts offered: Firm Bottom Northeast and North 210 FORESHANK 367.14 0.69 3.82% 2.75
Central few, 265.00-270.00 for mid to late June. NECK ** 94.21 -0.25 2.22% 1.60
------------------------------------------------------------------ HINDSADDLE
Special Fed Veal Slaughter for: Year Ago YTD YTD 232 LOINS, TRIMMED 4X4 452.44 -1.86 10.97% 7.90
Week ending: 02/12/11 02/05/11 02/13/10 2010 2009 232E FLANK UNTRIMMED ** 56.99 2.92 3.39% 2.44
Northeast 3,503 3,655 3,216 23,654 24,915 233A LEG, TROTTER OFF 389.25 1.13 31.88% 22.96
North Central 4,018 3,816 3,529 26,251 28,499 -----------------------------------------------------------------
Total NE & NC 7,521 7,471 6,745 49,905 53,414 GROSS CARCASS VALUE: 353.86 0.51 95.45% 68.72
------------------------------------------------------------------ FORESADDLE VALUE 362.15 0.52 49.20% 35.43
Special Fed Veal Dressed Weights Year Ago HINDSADDLE VALUE 379.89 0.55 46.24% 33.30
Week ending: 02/12/11 02/05/11 02/13/10
Northeast 268.4 266.7 271.5 Carcass value less process/packaging per cwt cost of $31.50
North Central 269.0 268.9 266.6 NET CARCASS VALUE 322.36 0.51
Total NE & NC 268.7 267.8 268.9
------------------------------------------------------------------ * Shrink and trim of 3.28 lbs not reflected in cutout value
* North Central = OH, IN, IL, MI, & WI * Based on Actual Federally Inspected Slaughter Carcass Weight
* Northeast = MA, MD, PA, NY, NJ, DE, CT, & VT of 72 lbs. for W/E 2/5/2011, unchanged from last week.
**Packer Owned = Ownership, harvesting and processing controlled **Includes Fresh and Frozen Product
by same party.
NATIONAL 5-DAY ROLLING AVERAGE BOXED LAMB CUTS - NEGOTIATED SALES
WEEKLY BOXED & DISTRIBUTIVE/LCL VEAL CUTS TRADE FOB Plant basis negotiated sales for delivery within 0-21 day
Northeast and North Central Basis - FOB Major Production Points period, fresh and frozen carlot volume, including sales since last
Compared to last week: Special fed veal cut prices were steady to report, U.S. dollars per 100 pounds.
mostly firm in a variety of cuts. Demand remains light moderate,
with slow to moderate activity and moderate to heavy offerings. Current Volume -
Fresh Cuts 1,009,658 pounds
Item: Wt. Range Range Frozen Cuts 278,279 pounds
Carcass, hide off 200-275 lbs 300.00- 375.00 ---------------------------------------------------------------------------
Foresaddles 86-147 lbs 215.00- 280.00 *Items with no entries indicate non-reportable trades.*
Forequarters 43-74 lbs 240.00- 300.00 FRESH CHOICE & PRIME CUTS
# Of Total Weighted Change from
Necks, bone-in 24-28 lbs 170.00- 215.00 IMPS Sub-Primal Trades Pound Average Prior Days
Breast 10-18 lbs 90.00- 105.00 ---------------------------------------------------------------------------
Foreshank 3-5 lbs 250.00- 410.00 200A Carcass, 3-way, 55/dn
Osso Buco, foreshank 2-8 lbs 480.00- 600.00 200A Carcass, 3-way, 55/65 5 5,604 $336.66 1.26
Shoulder, full 49-85 lbs 200.00- 260.00 200A Carcass, 3-way, 65/up 0
Chuck, square cut 39-68 lbs 190.00- 200.00 202 Foresaddle
Chuck rolls, skinned 5-10 lbs 325.00- 395.00 203 Bracelet
Chuck, Shoulder Clod 4-9 lbs 400.00- 490.00 204 Rack, 8-Rib, light 7 1,457 $817.94 (3.48)
Hotel Racks, 8 rib 15-26 lbs 475.00- 500.00 204 Rack, 8-Rib, medium 115 39,674 $787.76 0.58
Hotel Racks, 7 rib 14-25 lbs 475.00- 550.00 204 Rack, 8-Rib, heavy 7 2,993 $808.03 (16.83)
Hotel Racks, Chop Ready, 7 rib 5-9 lbs 795.00- 925.00 204A Rack, chined 48 14,838 $867.58 (7.59)
Hotel Racks, Chop Ready, 6 rib 4-8 lbs 885.00- 1025.00 204B Rack, roast-ready 19 5,659 $990.14 4.66
Rack, Ribeye 3-9 lbs 1550.00- 1800.00 204C Rack, roast-ready, frenched 189 29,432 $1,456.55 12.46
204D Rack, roast-ready, special 18 3,330 $1,928.25 (16.43)
Hindsaddles 89-153 lbs 350.00- 435.00 206 Shoulders 124 126,027 $237.14 0.33
Hindquarters 45-76 lbs 360.00- 500.00 207 Shoulders, square-cut 162 106,386 $284.66 0.04
Loins, regular 18-36 lbs 310.00- 360.00 208 Shoulders, square-cut, bnls 50 21,615 $346.18 (9.14)
Loins, 4x4, trimmed 18-30 lbs 440.00- 595.00 209 Breast 128 56,910 $133.37 1.06
Strip Loins, bnls, 0x0 1-up lbs 1000.00- 1300.00 Breast, bulk 24 19,654 $128.11 4.07
Loin, Short Tenderloin 0.5-up lbs 875.00- 1200.00 209A Ribs, Breast bones off 34 2,990 $424.33 (1.89)
Legs, double 68-117 lbs 370.00- 440.00 210 Foreshank 285 35,581 $367.14 0.69
Legs, single 34-59 lbs 370.00- 495.00 229 Hindsaddle, long-cut 3 764 $469.90
Legs, slices, retail 610.00- 810.00 230 Hindsaddle 5 294 $378.50 5.89
Legs, TBS 4-piece 27-47 lbs 760.00- 825.00 231 Loins 30 4,869 $370.78 (3.78)
Legs, TBS 3-piece 24-39 lbs 820.00- 935.00 232 Loins, trimmed 4x4 92 17,650 $452.44 (1.86)
Legs, BHS heel-out 27-42 lbs 525.00- 640.00 232 Loins, trimmed 2x2 7 664 $794.34 (0.80)
Legs, Sknd, butt tenderloin 0.5-up lbs 845.00- 1050.00 232 Loins, trimmed 1x1 13 3,470 $770.43 1.13
232 Loins, trimmed 0x0
Top Rnd, Sknd, cap-off 10-15 lbs 1200.00- 1305.00 232A Loins, short-cut, 2x2 11 2,908 $578.10 0.00
Hindshank 5-8 lbs 400.00- 525.00 232A Loins, short-cut, 1x1 74 13,489 $646.86 1.56
Osso Buco, Hindshank 2-8 lbs 700.00- 925.00 232A Loins, short-cut, 0x0 38 8,705 $746.52 3.56
Stew Meat, regular 250.00- 460.00 232C Loin, boneless, tied 8 196 $1,466.78 7.79
Bnls Veal Trimmings 75-80% Lean 100.00- 150.00 232E Flank, untrimmed 16 26,816 $54.80 1.71
Bnls Veal Trimmings 80-90% Lean 130.00- 195.00 233 Legs 53 22,707 $377.69 2.07
Hvy Nature Green Hides(per piece) 49.00- 61.00 233A Leg, trotter-off 202 73,327 $389.25 1.13
------------------------------------------------------------------ 233C Leg, trotter-off, partial bnl 52 9,070 $508.46 (0.69)
* North Central = OH, IN, IL, MI, & WI 233E Leg, steamship 34 6,076 $540.28 (0.45)
* Northeast = MA, MD, PA, NY, NJ, DE, CT, & VT 233F Hindshank 124 27,322 $362.70 1.62
234 Leg, Boneless, Tied 154 63,713 $561.72 4.64
NATIONAL WEEKLY COMPREHENSIVE LAMB CARCASS REPORT – FRIDAY, Feb 11, 2011 234A Leg, shank off, bnls 43 6,328 $617.07 0.04
234B Leg, 2-way boneless
234C Leg, bottom, boneless
Combined Negotiated, Formula and Forward Contract sales 234D Leg, outside, boneless
for delivery within 14 calendar days, FOB Plant basis. 234E Leg, inside, boneless 66 8,880 $658.44 (1.69)
234F Leg, sirloin tip, bnls 0
*Items with no entries indicate non-reportable trades.* 234G Sirloin, boneless 28 2,418 $706.61 29.16
235 Back
CHOICE AND PRIME, YG 1-4 Head 7,919 236 Back, trimmed 19 222 $759.83 6.41
Weight Head Wt Avg 238 Trimmings 42 6,814 $386.66 7.63
45-DN 249 387.21 239 Special trimmings 17 550 $376.20 1.20
45-55# 302 338.80 244 Loin, boneless, 3-way 0
55-65# 1,201 318.06 245 Sirloin 4 523 $551.39 0.00
65-75# 2,180 304.89 246 Tenderloin 5 124 $1,146.05 41.23
75-85# 2,370 298.85 295 Lamb for stewing 87 12,544 $621.14 (2.67)
296 Ground lamb 176 27,478 $495.88 0.70
85-UP 1,617 294.75 Necks 52 7,042 $126.41 1.24
---------------------------------------------------------------------------
CHOICE AND PRIME, YG 5 Head 425 FROZEN CHOICE & PRIME CUTS
Weight Head Wt Avg # Of Total Weighted Change from
45-DN IMPS Sub-Primal Trades Pound Average Prior Days
45-55# ---------------------------------------------------------------------------
55-65# 204 Rack, 8-Rib, medium 3 10,550 $855.03
65-75# 209 Breast 5 6,463 $137.77 0.00
75-85# Breast, bulk 3 48,013 $103.78 0.00
85-UP 210 Foreshank 5 2,313 $327.78 (5.23)
232 Loins, trimmed 4x4 6 6,442 $343.90 19.62
CERTIFIED FRESH AMERICAN LAMB Head 232 Loins, trimmed 1x1 5 13,817 $505.94 (1.36)
232E Flank, untrimmed 5 1,841 $88.91 5.44
233A Leg, trotter-off 9 51,239 $356.91 (9.25)
233F Hindshank 16 4,728 $278.00 (0.87)
UNGRADED Head 280 234 Leg, Boneless, Tied 16 21,328 $497.20 (0.77)
Weight Head Wt Avg 234E Leg, inside, boneless 33 6,596 $668.68 1.14
45-DN 48 307.86 238 Trimmings 8 4,351 $200.53 (62.74)
45-55# 47 308.87 295 Lamb for stewing 34 7,424 $602.64 2.52
55-65# 71 288.38 296 Ground lamb 61 12,678 $509.83 (0.50)
65-75# 64 288.71 Necks 15 24,185 $84.84 0.13
75-85# 25 210.04
85-UP 25 210.04 View complete report at http://www.ams.usda.gov/mnreports/lm_xl500.txt
Thursday, February 17, 2011 Page 8

SPECIAL REPORTS
BROILER-FRYER SLAUGHTER under federal inspection for 17-Feb 2011
is estimated to be 32,687,000 up 28.01 percent from a week ago and up 1.7 percent from a year ago.
(last week 25,534,000 last year 32,146,000) http://www.ams.usda.gov/mnreports/nw_py019.txt

NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT – DOMESTIC CATTLE ONLY HEIFER
FORMULATED AND FORWARD CONTRACT For cattle price during the w/e 02/13/2011 Over 80% Choice 10,962 62.9 1,187-1,460 1,294 90.00-110.23 101.61
65 - 80% Choice 2,932 63.5 1,125-1,332 1,218 94.29-107.59 100.51
Dressed: Live: Total: Total Week Ago: Total Year Ago: 35 - 65% Choice 1,538 63.4 984-1,330 1,179 97.00-105.55 101.38
Formula Net: 156,054 49,621 205,675 198,685 203,407 0 - 35% Choice - -
Negotiated Grid Net: 22,633 3,446 26,079 25,723 19,118 MIXED STEER/HEIFER
Forward Contract Net: 20,402 36,469 56,871 44,269 60,845 Over 80% Choice 322 65.6 1,079-1,442 1,259 103.78-115.15 107.82
65 - 80% Choice 326 64.0 1,119-1,401 1,221 97.60-114.22 105.65
FORMULA NET: Dressed Basis 35 - 65% Choice 40 65.7 1,329-1,329 1,329 111.80-111.80 111.80
Head Wtd Avg Weight Avg Price Avg Net 0 - 35% Choice - -
Count Dress Pct Range Wt Range Price ALL STEERS & HEIFERS
STEER 27,670 63.2 984-1,514 1,303 90.00-120.39 101.89
Over 80% Choice 18,800 63.6 717-975 870 152.52-190.65 169.49 MIXED STEER/HEIFER/COW
65 - 80% Choice 24,771 64.1 642-974 856 149.42-190.92 167.83 Over 80% Choice 1,100 63.9 1,135-1,396 1,288 99.19-102.00 99.98
35 - 65% Choice 37,764 64.7 637-984 855 139.04-176.15 166.71 65 - 80% Choice 412 62.7 1,193-1,392 1,271 99.92-102.67 101.00
0 - 35% Choice 6,163 64.7 691-920 844 156.27-171.42 165.20 35 - 65% Choice 277 63.3 1,111-1,358 1,135 99.39-102.31 99.67
HEIFER 0 - 35% Choice - -
Over 80% Choice 15,848 63.3 626-936 779 159.89-191.23 169.22 DAIRYBRED STEER/HEIFER
65 - 80% Choice 13,779 64.5 640-892 763 160.89-171.32 167.58 Over 80% Choice 3,480 60.6 1,211-1,658 1,372 80.20-106.65 92.17
35 - 65% Choice 6,983 64.7 661-853 755 151.80-175.64 167.58 65 - 80% Choice 2,176 61.6 1,169-1,426 1,316 80.47-104.45 96.53
0 - 35% Choice 67 67.2 798-798 798 163.56-163.56 163.56 35 - 65% Choice 1,354 61.4 1,256-1,476 1,321 84.58-104.45 96.61
MIXED STEER/HEIFER 0 - 35% Choice - -
Over 80% Choice 4,956 62.6 674-935 800 156.74-189.26 171.71 --------------------------------------------------------------------------------
65 - 80% Choice 1,970 63.4 695-936 793 163.67-171.73 168.52 REGIONAL SECTION: ALL STEERS AND HEIFERS (BEEF BREEDS)
35 - 65% Choice 2,137 63.0 665-866 754 151.43-175.08 167.68 FORMULA: Dressed Basis
0 - 35% Choice 722 63.9 723-849 806 159.04-175.33 166.67 Head Week Avg Avg Week
ALL STEERS & HEIFERS Count Ago Weight Price Ago
133,960 64.1 626-984 828 139.04-191.23 167.89 TX/OK/NM 39,192 45,428 813 167.55 168.39
MIXED STEER/HEIFER/COW KANSAS 35,161 37,210 837 165.75 167.73
Over 80% Choice 1,200 63.5 774-845 802 165.35-172.71 170.08 NEBRASKA 17,336 17,263 836 170.41 170.69
65 - 80% Choice 5,124 64.7 733-872 810 151.89-173.25 166.58 COLORADO 22,728 18,906 856 168.96 171.00
35 - 65% Choice 8,773 65.2 689-902 795 155.71-172.17 165.90 WESTERN CORNBELT 3,001 3,103 851 171.95 173.00
0 - 35% Choice 291 65.2 778-800 788 165.37-168.93 167.22 TOTAL 5-AREA 116,936 121,731 833 167.81 169.03
DAIRYBRED STEER/HEIFER N.CENTRAL/E.MT 3,168 3,619 801 172.69 172.65
Over 80% Choice 1,450 61.1 713-866 806 157.94-173.30 167.50 WESTERN STATES 13,355 16,649 797 167.40 166.97
65 - 80% Choice 1,134 60.3 718-838 798 152.50-168.30 164.32 EASTERN CORNBELT 19 133 825 164.11 165.85
35 - 65% Choice 3,327 61.2 704-920 805 145.56-170.20 164.45 FORMULA: Live Basis
0 - 35% Choice 795 62.7 746-882 835 155.80-167.84 161.96 Head Week Avg Avg Week
FORMULA NET: Live Basis Count Ago Weight Price Ago
Head Wtd Avg Weight Avg Price Avg Net TX/OK/NM 22,391 17,327 1,276 106.38 105.54
Count Dress Pct Range Wt Range Price KANSAS 13,481 11,043 1,308 106.96 106.03
STEER NEBRASKA 3,475 2,586 1,366 109.53 104.98
Over 80% Choice 5,756 62.9 1,125-1,550 1,411 98.34-126.33 109.34 COLORADO 1,976 1,189 1,229 107.25 105.26
65 - 80% Choice 8,267 63.8 1,175-1,450 1,357 103.50-110.43 106.64 WESTERN CORNBELT 874 152 1,427 112.47 105.65
35 - 65% Choice 17,346 63.6 1,060-1,475 1,291 95.54-111.05 105.97 TOTAL 5-AREA 42,197 32,297 1,295 106.99 105.65
0 - 35% Choice 1,496 63.1 1,101-1,300 1,174 100.37-106.00 102.96 N.CENTRAL/E.MT 2,802 545 1,417 105.45 105.32
HEIFER WESTERN STATES 1,003 858 1,300 104.92 105.45
Over 80% Choice 5,286 63.3 1,068-1,438 1,308 104.00-118.94 107.91 CONTRACT: Dressed Basis
65 - 80% Choice 3,362 63.9 1,100-1,315 1,221 97.95-111.34 106.79 Head Week Avg Avg Week
35 - 65% Choice 2,958 63.7 1,100-1,250 1,186 103.48-111.24 107.01 Count Ago Weight Price Ago
0 - 35% Choice - - TX/OK/NM 54 167.53
MIXED STEER/HEIFER KANSAS 406 73 856 161.73 154.30
Over 80% Choice 769 62.7 1,125-1,465 1,233 96.64-118.90 112.36 NEBRASKA 3,853 1,446 849 157.11 157.73
65 - 80% Choice 225 63.3 1,162-1,250 1,211 93.61-118.90 105.77 COLORADO 455 3,906 834 170.68 165.94
35 - 65% Choice 537 62.8 1,135-1,399 1,264 103.50-108.50 104.58 WESTERN CORNBELT 588 826 805 156.98 152.73
0 - 35% Choice - - TOTAL 5-AREA 5,223 6,265 843 158.69 162.28
ALL STEERS & HEIFERS N.CENTRAL/E.MT 896 409 832 156.13 156.92
46,002 63.5 1,060-1,550 1,302 93.61-126.33 106.85 WESTERN STATES 858 738 768 156.02 152.28
DAIRYBRED STEER/HEIFER EASTERN CORNBELT 480 233 800 158.69 160.06
Over 80% Choice 388 60.7 1,090-1,500 1,286 93.80-106.92 98.53 NORTHEASTERN STATE 466 373 811 163.64 157.78
65 - 80% Choice 2,136 61.0 1,250-1,403 1,315 96.34-104.90 99.33 CONTRACT: Live Basis
35 - 65% Choice 675 62.0 1,250-1,300 1,283 96.34-104.90 102.79 Head Week Avg Avg Week
0 - 35% Choice 420 59.8 1,242-1,396 1,302 96.80-98.91 98.13 Count Ago Weight Price Ago
NEGOTIATED GRID NET: Dressed Basis TX/OK/NM 1,468 1,083 1,161 101.42 102.56
Head Wtd Avg Weight Avg Price Avg Net KANSAS 3,369 2,284 1,246 101.46 101.25
Count Dress Pct Range Wt Range Price NEBRASKA 12,417 8,364 1,302 102.78 101.59
STEER COLORADO 4,266 1,568 1,359 102.53 101.61
Over 80% Choice 2,915 62.0 670-981 873 162.87-176.87 169.99 WESTERN CORNBELT 3,368 3,473 1,332 100.17 99.50
65 - 80% Choice 787 63.4 656-931 804 159.74-173.82 167.10 TOTAL 5-AREA 24,888 16,772 1,300 102.12 101.18
35 - 65% Choice 3,178 65.0 653-936 719 149.06-173.75 166.05 N.CENTRAL/E.MT 1,915 991 1,332 100.68 101.43
0 - 35% Choice 246 63.9 732-898 799 159.22-170.00 164.00 WESTERN STATES 690 622 1,293 97.76 98.74
HEIFER EASTERN CORNBELT 98 159 1,505 96.85 97.76
Over 80% Choice 672 63.3 636-909 745 159.30-178.26 172.49 NORTHEASTERN STATE 42 42 1,309 97.60 94.00
65 - 80% Choice 1,093 62.8 658-885 728 156.74-173.32 162.83 NEGOTIATED GRID: Dressed Basis
35 - 65% Choice 636 64.1 627-873 734 161.19-174.86 166.41 Head Week Avg Avg Week
0 - 35% Choice 207 62.1 750-924 871 154.33-157.76 156.07 Count Ago Weight Price Ago
MIXED STEER/HEIFER TX/OK/NM 2,440 1,523 757 164.03 167.39
Over 80% Choice 3,178 63.5 649-942 810 165.69-180.22 170.41 KANSAS 737 343 737 164.95 164.83
65 - 80% Choice 934 62.5 636-873 785 160.10-180.36 172.27 NEBRASKA 5,092 5,376 778 167.82 168.42
35 - 65% Choice 816 62.7 659-898 787 151.88-172.73 164.25 COLORADO 423 406 927 163.70 168.36
0 - 35% Choice 864 63.9 682-877 781 149.25-171.85 164.30 WESTERN CORNBELT 2,130 3,053 815 170.44 169.50
ALL STEERS & HEIFERS TOTAL 5-AREA 10,533 10,579 786 167.07 168.44
15,526 63.4 627-981 788 149.06-180.36 167.82 N.CENTRAL/E.MT 1,244 1,607 834 167.67 168.77
MIXED STEER/HEIFER/COW WESTERN STATES 209 226 781 164.44 159.48
Over 80% Choice 640 61.4 728-839 798 164.26-176.25 169.90 EASTERN CORNBELT 2,408 1,453 782 170.32 169.79
65 - 80% Choice 1,169 62.7 637-918 792 159.84-173.00 166.77 NORTHEASTERN STATE 690 525 801 171.02 170.77
35 - 65% Choice 803 60.5 674-865 773 144.66-172.79 157.19 NEGOTIATED GRID: Live Basis
0 - 35% Choice 782 57.6 691-903 825 136.00-166.62 147.30 Head Week Avg Avg Week
DAIRYBRED STEER/HEIFER Count Ago Weight Price Ago
Over 80% Choice 1,658 59.4 686-900 815 150.74-170.48 163.91 TX/OK/NM 2,264 2,745 1,140 102.56 104.38
65 - 80% Choice 950 59.3 608-854 772 150.87-169.00 163.54 NEBRASKA 1,082 41 1,309 101.91 99.39
35 - 65% Choice 1,032 59.9 691-849 776 140.76-168.56 158.59 WESTERN CORNBELT 18 1,290 106.76
0 - 35% Choice 73 60.3 683-850 777 135.94-166.00 149.67 TOTAL 5-AREA 3,364 2,786 1,195 102.37 104.31
NEGOTIATED GRID NET: Live Basis N.CENTRAL/E.MT 82 253 1,344 101.35 100.98
Head Wtd Avg Weight Avg Price Avg Net EASTERN CORNBELT 161 106.07
Count Dress Pct Range Wt Range Price
STEER http://www.ams.usda.gov/mnreports/lm_ct151.txt
Over 80% Choice 40 59.8 1,253-1,253 1,253 99.54-99.54 99.54
65 - 80% Choice - -
35 - 65% Choice 45 63.0 1,150-1,200 1,181 100.00-103.00 101.13 U.S. Federally Inspected Slaughter By Region -- Week Ending 02/05/2011
0 - 35% Choice 134 64.3 1,150-1,150 1,150 103.18-104.00 103.45
HEIFER --------------------------------------------------------------------------------
Over 80% Choice 1,124 61.6 1,255-1,356 1,314 101.12-102.64 101.95 Standard : Cattle : Calves
65 - 80% Choice - - Federal :---------------------------------------------------------------------
35 - 65% Choice - - Regions : Total : : : Dairy : Other : : Total
0 - 35% Choice - - 1/ : 2/ : Steers : Heifers : Cows : Cows : Bulls :
MIXED STEER/HEIFER --------------------------------------------------------------------------------
Over 80% Choice 186 61.8 1,100-1,290 1,118 105.00-106.76 105.17 : 1,000 Head
65 - 80% Choice 186 63.6 1,175-1,175 1,175 107.00-107.00 107.00 1 : 0.3 0.1 0.1 0.0 0.0 0.1 0.2
35 - 65% Choice 1,059 62.6 1,150-1,200 1,159 98.47-107.25 104.00 2 : 1.4 0.4 0.1 0.6 0.1 0.1 3.9
0 - 35% Choice 672 62.6 1,050-1,200 1,105 89.53-104.50 98.35 3 : 18.1 5.7 1.4 8.6 2.1 0.3 2.4
ALL STEERS & HEIFERS 4 : 17.5 0.4 0.2 4.0 10.9 2.0 0.0
3,446 62.3 1,050-1,356 1,199 89.53-107.25 102.35 5 : 65.1 26.2 7.8 17.2 12.1 1.8 5.3
FORWARD CONTRACT NET: Dressed Basis 6 : 125.5 60.7 41.5 4.1 16.7 2.5 0.4
Head Wtd Avg Weight Avg Price Avg Net 7 3/ : 265.2 140.8 110.4 0.0
Count Dress Pct Range Wt Range Price 8 3/ : 58.0 30.7 22.6
STEER 9 : 49.6 23.2 3.9 18.9 2.9 0.6 3.9
Over 80% Choice 2,323 62.9 718-1,006 848 146.24-168.91 157.75 10 : 25.9 11.2 7.3 3.7 3.0 0.7 0.7
65 - 80% Choice 1,742 63.3 632-933 858 154.44-171.14 163.04 --------------------------------------------------------------------------------
35 - 65% Choice 1,146 63.9 644-810 774 143.67-156.72 151.73 U.S. 2/ : 626.6 299.6 195.2 59.0 63.1 9.7 16.7
0 - 35% Choice 39 64.7 754-754 754 149.63-149.63 149.63 --------------------------------------------------------------------------------
HEIFER
Over 80% Choice 1,204 62.8 768-905 828 146.59-170.71 160.57 --------------------------------------------------------------------------------
65 - 80% Choice 485 63.1 714-796 781 153.59-170.40 156.98 Standard : Hogs : Sheep
35 - 65% Choice - - Federal :---------------------------------------------------------------------
0 - 35% Choice - - Regions : Total : Barrows : : : Total : Mature : Lambs &
MIXED STEER/HEIFER 1/ : 2/ : & Gilts : Sows : Boars : 2/ : Sheep :Yearlings
Over 80% Choice 805 62.8 694-894 820 149.40-162.57 155.97 --------------------------------------------------------------------------------
65 - 80% Choice 218 62.1 743-931 870 160.55-163.26 162.68 : 1,000 Head
35 - 65% Choice 40 62.2 773-773 773 162.70-162.70 162.70 1 : 0.3 0.2 0.0 0.0 0.4 0.0 0.4
0 - 35% Choice - - 2 3/ : 2.7 2.6 2.4 0.3 2.2
ALL STEERS & HEIFERS 3 3/ : 95.0 94.3 1.6 0.1 1.5
8,002 63.1 632-1,006 829 143.67-171.14 158.36 4 : 300.1 286.3 13.2 0.6 0.7 0.1 0.6
MIXED STEER/HEIFER/COW 5 : 541.9 519.6 21.0 1.2 5.7 0.7 5.0
Over 80% Choice 1,800 63.2 745-866 795 150.26-170.79 157.84 6 : 116.7 113.7 3.0 0.0 0.4 0.1 0.3
65 - 80% Choice 305 63.1 739-840 789 148.75-161.59 153.62 7 : 841.5 826.4 11.3 3.8 2.7 0.0 2.7
35 - 65% Choice 73 63.2 780-804 791 147.67-160.42 154.31 8 : 104.7 104.6 0.1 0.0 17.0 0.4 16.6
0 - 35% Choice - - 9 : 50.2 50.1 0.0 0.0 4.6 0.1 4.5
DAIRYBRED STEER/HEIFER 10 : 5.9 5.9 0.0 0.0 0.4 0.0 0.4
Over 80% Choice 2,597 61.1 759-903 831 134.80-170.32 150.97 --------------------------------------------------------------------------------
65 - 80% Choice 4,005 61.8 718-895 837 137.87-170.89 150.78 U.S. 2/ : 2,058.8 2,003.8 49.0 6.1 35.9 1.8 34.0
35 - 65% Choice 3,570 61.5 731-881 808 136.96-163.35 148.64 --------------------------------------------------------------------------------
0 - 35% Choice 50 62.0 767-862 814 147.45-150.81 149.78 1/ States included in regions are as follows: 1- CT, ME, NH, VT, MA & RI; 2- NY & NJ; 3- DE-MD, PA, WV & VA; 4- AL, FL, GA,
KY, MS, NC, SC & TN; 5- IL, IN, MI, MN, OH & WI; 6- AR, LA, NM, OK & TX; 7- IA, KS, MO & NE; 8- CO, MT, ND, SD, UT & WY;
FORWARD CONTRACT NET: Live Basis 9- AZ, CA, HI & NV; 10- AK, ID, OR & WA. 2/ Totals may not add due to rounding.
Head Wtd Avg Weight Avg Price Avg Net
Count Dress Pct Range Wt Range Price http://www.ams.usda.gov/mnreports/sj_ls713.txt
STEER
Over 80% Choice 5,272 62.9 1,237-1,514 1,390 93.70-120.39 102.81
65 - 80% Choice 3,230 63.7 1,149-1,506 1,354 94.80-113.48 102.44
35 - 65% Choice 2,774 63.9 1,113-1,430 1,286 95.75-111.20 101.11
0 - 35% Choice 274 63.3 1,243-1,343 1,311 100.00-103.15 101.47